Commercial bank lending rates still need to fall, says CBK Governor
06 April 2016, 14:48
Nairobi - Central Bank of Kenya (CBK) Governor, Patrick Njoroge has said inflation could fall further in coming months and that a proposal by lawmakers to cap commercial lending rates would be "extremely harmful".
Njoroge told a news conference on Wednesday commercial banks lending rates still needed to come down and that the current account deficit in East Africa's top economy was expected to come to down 8 percent of gross domestic product.
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